Articles Tagged "First-time Buyers"

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Buy a House | 17 Posts
Home Safety | 1 Posts
Homeownership | 20 Posts
Market Report | 1 Posts
Midland, MI | 47 Posts
Selling a Home | 10 Posts
December
30

Buy a Home in 2020 - Ayre/Rhinehart REALTORS

Buying a house is one of the best New Year's resolutions you can make, but achieving that goal will take work. Fortunately, there are proven steps any aspiring homeowner can take to simplify the process and achieve their dream home. Our real estate agents are happy to help, with five tips for making your dream of homeownership a reality in 2020.

  • Try a Budget Test Run
    While you're in the early stages of searching through Midland homes for sale, it's helpful to try a test run of the budget that you'll use once you buy a home. Consider your likely monthly mortgage payment, utilities, maintenance, and homeowners insurance. Living in this budget ahead of time will give you a taste of what your finances will be like once you own a home, and can help you get a solid idea of what fits your budget.

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November
11

VA Loan Tips - Buy a House - Ayre/Rhinehart REALTORS

Many people struggle to purchase their dream home because they can't afford to make the 20% down payment. Of course, you can put down less than 20%, but you'll be saddled with private mortgage insurance (PMI), which can make it more challenging to pay off your mortgage. Fortunately for veterans and active military members, they can fulfill their dreams of homeownership through a VA loan. Our REALTORS® break down some of the important things you should know about VA loans and how they work.

What is a VA Loan?

A VA loan is a mortgage loan that is made by private lenders through a program established by the U.S. Department of Veteran Affairs. The program was designed to help veterans, active-duty military personnel, eligible surviving spouses of veterans, and other classes of military personnel to become homeowners at an affordable cost. The VA guarantees a part of the loan, sets eligibility requirements, and dictates the terms of the loan offered. The VA loan does not require down payments, mortgage insurance, or some closing costs.

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August
19

Overcoming Homebuying Hurdles - Ayre/Rhinehart REALTORS®

Our REALTORS® bring the dream of homeownership within reach for buyers from all kinds of backgrounds. No matter whether you've never owned a home before, are early in your career or later in life, we will support your goal.

Midland homes for sale are available to meet virtually any need. Even if you have a relatively modest budget or very specific requirements, there is a home here for you. There are several ways virtually anyone can make a home more attainable.

Let's consider the possibilities:

  1. Begin Saving Early
    It's important to realize that a 20% down payment is no longer a requirement to buy a home. Still, the more you are able to save, the easier it will be to finance the rest. Savings begins with a household budget. You'll need one in the run-up to buying and afterward!

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June
25

Final Walk-Through Tips - Ayre/Rhinehart REALTORS®

The final walk-through is a thrilling time, and it's easy to get caught up in the excitement of the moment. It's important to remain focused and thoroughly study the property to ensure that nothing has changed since your last visit. To that end, Our REALTORS® help guide our clients through the property so that there are no surprises when you move in. 

You need to prepare before you can do the final walk-through of the property. You will want to bring a copy of the final contract, a notebook, and the home inspection summary. It is also advisable to bring your phone and your phone charger as you can use these to test the electrical outlets within the property. Once you have everything you need, then you will be ready to look for the following seven items:   

  1. Verify Final Repairs
    Make sure that all items within the inspection summary are complete and that the work was performed in a satisfactory manner. You will want to carefully review any warranties and receipts related to the repairs and ensure that any warranties are transferable to you as the new owner. You will also want to verify that any debris or garbage stemming from the repairs has been removed.

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May
27

Home Inspection Report-Ayre/Rhinehart REALTORS

Getting a less-than-favorable home inspection report is not the end of the world; nor is it the end of your real estate purchase. Use it as a chance to reassess your financial position. Decide what needs to be done and when you need it done by. Crunch numbers to see if you can maximize the value of your purchase. Our REALTORS® can guide you every step of the way.

What could cause a poor home inspection report? Many things:

  • Foundation problems, including cracks or sinking, can lead to flooded basements
  • Subpar plumbing, including failing water heater, pipes that are too small, or leaks
  • Frayed wiring or electrical not up to code
  • Mold issues
  • Termite damage
  • Roof problems, such as missing shingles, leaks, or full replacement needed
  • Sticking or broken doors and windows.
  • Lead paint or asbestos present
  • Chimney damage

So, what should you do when you get a bad home inspection report?

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August
20

Buy Your First House Without Breaking the Bank
Determining your home buying budget can be confusing, especially if you're a first-time home buyer. Give yourself a significant advantage over other house hunters by gathering information about Midland homes for sale and home buying in general before you start your search. Our REALTORS® created this list of five tips to buy a house without breaking the bank. 

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August
6

Buying a House
If you've recently decided to invest in your future by purchasing a home, it's likely that you already have a look to see what's available and which homes appeal to you. Buyers in the know, however, will review their budget alongside their wish list before taking serious steps towards making an offer on a home. One of the most beneficial things you can do ahead of time is obtain pre-approval from your lender to make the process quicker and less frustrating.
Our REALTORS® are here to help with your real estate goals, and we think it's important to understand the advantages of getting pre-approved early in the process. 

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